Weekly Recap: DeFi Partnerships and Innovations

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by Giorgi Kostiuk

2 years ago

The past week in DeFi and crypto saw significant events, including key partnerships, product launches, and regulatory changes. Below is an overview of the main news highlights.

Circle and Binance Partnership to Promote USDC

During Abu Dhabi Finance Week, Circle and Binance announced a strategic partnership to expand the adoption of the popular stablecoin USDC. Binance will integrate USDC into its trading, savings, and payment services, as well as adopt it as a core stablecoin for its corporate treasury, strengthening the global digital asset ecosystem.

Floki Launches Crypto Debit Card with Mastercard

Floki, in collaboration with Mastercard, launched a crypto debit card available in 31 European countries, including France, Germany, Spain, and Italy. The card is offered in both physical and virtual formats, allowing seamless cryptocurrency spending. The virtual version is accessible globally, expanding Floki's reach.

Ripple Receives Approval for RLUSD in New York

Ripple Labs secured approval from the New York Department of Financial Services to launch the RLUSD, a US dollar-backed stablecoin. CEO Brad Garlinghouse announced that the stablecoin would soon be available on multiple exchanges. Ripple aims to challenge market leaders like USDT and USDC.

The week in DeFi was filled with events that have the potential to influence the industry's future. These partnerships and product launches illustrate the ongoing evolution of digital assets and their integration into the global economy.

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Other news

Hut 8 Wins Bid for Poolin's Texas Datacenter Sites

Hut 8 has successfully bid $140 million for two datacenter sites owned by the bankrupt mining company Poolin.

user avatarLucas Weissmann

Senate Banking Committee Democrats Request Hearing on Prediction Markets

Democratic members of the Senate Banking Committee request a public hearing to examine the growing issue of prediction markets and their regulatory implications.

user avatarFilippo Romano

Crypto Economic Activity Remains Strong Despite Market Downturn

Crypto economic activity has shown resilience despite a significant drop in market capitalization, indicating a shift in market dynamics.

user avatarEmily Carter

Visa's Research Highlights Trust as a Barrier to Stablecoin Adoption

Visa's research highlights that trust and fraud protection are essential for stablecoin adoption, with 36% of US respondents considering their use, especially with bank-level protections.

user avatarTomas Novak

Cardano's Onchain Governance Approves New Treasury Allocations

Cardano's governance system has approved a new round of treasury allocations aimed at infrastructure and ecosystem development.

user avatarKaterina Papadopoulou

Galaxy Invests $100 Million in Onchain Credit Infrastructure

Galaxy has invested $100 million in Sky Protocol's yield-bearing sUSDS, integrating it into its corporate treasury and allowing it as collateral for institutional trading.

user avatarMaya Lundqvist

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